VAT records to be kept

Overview

This section outlines:

  • what sales records you keep
  • what purchase records you keep
  • how long to keep your records.

You must keep full and true records of all business transactions which affect or may affect your liability to Value-Added Tax (VAT) and entitlement to reclaim VAT such as:

  • business books and records
  • invoices
  • credit notes
  • debit notes
  • receipts
  • accounts
  • cash register tally rolls
  • vouchers
  • VAT information exchange system (VIES) records
  • Intrastat returns
  • stamped copies of single administrative documents (SADs)
  • bank statements.

Your records must be kept up to date and must be sufficiently detailed to enable you to accurately calculate your VAT liability or repayment. If your records are inspected, Revenue must be able to verify the accuracy of each transaction.

Next: What purchase records do you keep?